EVER Monaco 2026: Where electric seaplanes and biotechnology meet urban decarbonisation

The 21st edition of EVER Monaco took place at One Monte-Carlo on 14th and 15th October to demonstrate why technological advancements must merge with rigorous urban and legal frameworks to secure a sustainable future.

“The future of mobility is built on the ground, closest to the men and women involved, driving innovators to redefine sustainability across aviation, biotechnology, and urban infrastructure,” said Prince Albert II in his speech at the conference.

Among the most ambitious transport concepts presented was third-prize winner Eenuee, a pioneer developing a high-performance electric seaplane for luxury regional travel. Departing from traditional tubular airframes, Eenuee uses a blended wing body architecture paired with foil technology. “Compared to traditional aircraft of the same capacity, it is generally 30 to 40% more energy efficient,” CEO Benjamin Persiani told Monaco Life, highlighting its clear aerodynamic advantages.

This efficiency expands interior space, enabling a bespoke cabin experience. “We use it to create this comfortable cabin compared to traditional ones; that’s why we are looking at luxury applications,” Persiani said. 

Benjamin Persiani, CEO of Eenuee. Photo credit: Virginia D’Umas

Redefining regional skies: Eenuee’s battery-electric seaplane

The startup favours battery-electric propulsion over hydrogen, opting for solid-state batteries to eliminate flammable liquids. With a prototype targeted for 2031 and a commercial launch planned for 2034 linking destinations like Monaco and Rome, Eenuee aims to redefine regional travel: “Our view is really to create the service of the high-speed train where it will never go.”

Biological breakthroughs: Mycèna’s plastic-degrading fungi

While aviation looks to revolutionise regional transit, biotechnology is tackling one of the planet’s most pervasive pollutants. Mycèna won the jury’s Coup de Cœur prize at EVER Monaco for its innovative plastic-degrading research. Founded by Laureen Mori-Bazzano, Mycèna uses specialised fungi and extracellular enzymes to completely degrade and convert plastic waste into energy. Driven by a lifelong environmental commitment forged during her academic studies in Geneva, Mori-Bazzano developed a microbial process targeting stubborn synthetic polymers. “The fungi can colonise the surface of the plastic and with some extracellular enzyme, it can cut the polymer in smaller units, like monomer, and assimilate this unit in the cell,” she explained to Monaco Life. 

Laureen Mori-Bazzano, founder of Mycèna. Photo credit: Virginia D’Umas

Unlike traditional recycling methods that leave residual microplastics or chemical remnants, Mycèna’s biological digestion achieves total conversion, particularly excelling with polyethylene, the dominant material used in single-use packaging. 

While open-water deployment presents control challenges due to the inability to monitor where the microbes travel, the startup’s founder sees immediate, high-impact viability within industrial bioreactors and municipal wastewater treatment facilities, offering a powerful tool for circular waste management.

From sea energy to law: How Monaco’s key sectors are decarbonising

The broader discussions at EVER Monaco highlighted that cutting emissions locally requires cooperation across energy, transport, hospitality, and law.

Astrid Siohan, Director of Urban Heating and Cooling at SMEG, explained how Fontvieille’s thermal network uses the Mediterranean Sea to heat and cool buildings without producing carbon emissions.

“As the name suggests, thalassothermy combines thalasso (the sea) and thermie (thermal energy). We use the ocean as an energy reservoir, drawing purely thermal energy from it to transfer directly into buildings,” she said during the panel ‘Decarbonisation: The Main Priority of Local and Regional Players’.   

Meanwhile, high-end hospitality is proving to be a testing ground where luxury leads environmental innovation. As Virginie Cotta, Secretary General of Monte-Carlo SBM, said during the conference: “Indeed, the luxury sector has a real capacity to innovate and a strong power of influence, and I believe that comes into its own when we share our experiences with others across the industry.”

Transport and legal experts also shared how key industries are adapting. Stéphane Lebrun, Managing Director at SNCF, explained that the rail operator relies on its dedicated subsidiary, SNCF Énergie, to tackle the current energy challenge: “The goal of these subsidiaries is to figure out how to procure a rare, costly, and heavily decarbonised energy source at the best price.”

On the legal side, lawyer Adrien Fourmon said that while stricter regulations can feel limiting at first, they push industries to work together toward the same green goals.

Prince Albert II at EVER Monaco 2026. Photo credit: Virginia D’Umas

Prince Albert’s call for lasting sustainability

Reflecting on two decades of EVER Monaco, Prince Albert II explained that energy transition requires local alliances between government, business, and citizens, a model driven by Monaco’s National Pact for the Energy Transition. 

Warning against viewing technological progress in isolation, he said: “Our guiding conviction is clear: innovation must not be set against the imperative to preserve nature. We must reconcile human progress with the protection of our planet.”

Pointing to young attendees, the Prince urged decision-makers to honour their commitment to a sustainable future, concluding EVER Monaco with a call for lasting action: “I wish us all the most sustainable future possible, for that must remain our ultimate goal: to make everything we do as sustainable as it can be.”

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EVER Monaco 2026. Photo credit: Auto Press Club Monaco

Prince Albert taps the sea to power his rebuilt palace wing

The rebuilt wing of the Prince’s Palace will be heated and cooled using seawater, the first system of its kind in Monaco-Ville, as the project has been awarded silver-level certification under the Principality’s sustainable building standard.

The ‘Nouvelle Aile II’ project, the reconstruction of the palace’s 1960s western wing, received Monaco Sustainable Mediterranean Buildings (BD2M) silver certification for its design phase on 18th September. The certificate was presented to Prince Albert II at a ceremony at the palace attended by those involved in the project, according to a statement from the Palace Press Office on Tuesday.

A first for the Rock

Central to the design is a thalassothermal loop, which draws on the sea as a source of energy to heat and cool the building. The Palace says the system, which the Prince wanted from the outset, will reduce the building’s reliance on fossil fuels and improve its energy management. It is the first such installation in Monaco-Ville, although seawater heat pumps are already used elsewhere in the Principality.

Modern standards behind historic façades

Launched by Prince Albert II and Princess Charlene, the reconstruction aims to bring the wing up to current standards of safety, accessibility and environmental performance, and includes the addition of an extra storey.

Working within the tight constraints of a heritage site, the project sets out to preserve the wing’s architectural identity and historic façades while improving how the building is used and how it performs. From the design stage, the team favoured high-performance and bio-based materials, reuse and circular economy principles, and Monegasque and local contractors. Water management, bioclimatic design and energy efficiency were also priorities.

The works are being carried out under the authority of the Administration des Biens, which manages the Prince’s property.

Adapting the standard to historic buildings

BD2M was launched by the Monegasque Government in 2018 with the environmental organisation EnvirobatBDM, to recognise construction projects that build sustainability into their design and delivery.

According to the Palace, the Nouvelle Aile II project is also feeding into a wider discussion about how the BD2M approach can be adapted for historic and individual buildings, which face very different challenges from new developments.

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Photo credit: Frédéric Nebinger / Palais princier

Nice imposes curfew as France prepares for further protests

Minors face a 9pm curfew in several districts of Nice until Monday 26th October, following the weekend’s violence and looting. The measure comes as Prime Minister Sébastien Lecornu orders targeted restrictions across France and protesters prepare for another mobilisation on Saturday.

Nice Mayor Éric Ciotti signed the municipal order in consultation with the Alpes-Maritimes prefect, introducing restrictions from 9pm to 6am in designated areas of the city centre, Vieux-Nice, Trachel and Gare du Sud. The curfew began on Monday 19th October and remains in place until 6am on Monday 26th October.

The decision follows Saturday’s protest in Nice, which descended into violence and looting. Shops were attacked, police vehicles damaged and officers injured. Prosecutors reported 85 people in police custody, including 40 minors.

“I am aware of the constraints. But this is an emergency situation, and we are responding with an exceptional measure,” Ciotti said in a statement issued by the city.

Lecornu orders localised curfews

The restrictions form part of a wider government response. Following a crisis meeting on Monday, Lecornu instructed regional authorities to introduce localised, partial curfews to prevent further rioting and looting. Measures were subsequently announced in parts of Paris and several other cities.

On Tuesday morning, the prime minister said the targeted restrictions had helped restore calm overnight and announced that further curfews would be introduced where necessary, with decisions taken by prefects in coordination with mayors.

Interior Minister Laurent Nuñez has also announced increased police and gendarme deployments ahead of the weekend, after acknowledging that officers had lost control in some cities during Saturday’s unrest.

Further protests called for Saturday

Calls for another mobilisation on Saturday 24th October are circulating nationally. Organisers behind the 17th October gilets jaunes campaign have announced an “Act II”, continuing their campaign over living costs and government policy. Student organisations have also called for renewed demonstrations, according to Le Monde.

These calls are separate from the next major trade union mobilisation on Thursday 5th November. In its statement on Monday, the CGT urged workers to continue mobilising peacefully and prepare for strikes and demonstrations on that date.

See also: 

17 October protest in Nice: violence, looting and questions over how the city lost control

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Photo credit: Marc Lapolla.

Heavy rain and thunderstorms set to reach Monaco and Riviera on Tuesday

Heavy rain and thunderstorms are forecast to reach Monaco and the French Riviera on Tuesday 20th October as a Mediterranean weather system moves east across southern France, with the most active conditions expected during the afternoon and evening.

The Alpes-Maritimes has been placed under yellow vigilance for thunderstorms on Tuesday, according to Météo-France’s bulletin issued at 2.29pm on Monday. The warning means conditions could become locally dangerous, particularly for activities exposed to the weather.

The deterioration follows an intense spell of rain affecting the Hérault and Gard on Monday. As the system advances towards Provence-Alpes-Côte d’Azur, forecasters expect spells of heavy rain accompanied by thunderstorms, gusty winds and a risk of hail. The strongest storm activity is forecast to cross the region from west to east during Tuesday afternoon.

When will the worst weather arrive?

Météo-France expects the intense, thundery rain to move across Provence-Alpes-Côte d’Azur and Corsica during Tuesday afternoon and evening, before clearing during the night into Wednesday.

Why autumn storms can bring so much rain

Mediterranean episodes develop when warm, moist and unstable air moves inland from the sea. They are most common in autumn, when the water remains warm and evaporation supplies moisture to storm clouds.

The danger increases when storms remain over the same area, repeatedly dropping heavy rain and potentially triggering rapid flooding.

Residents should follow the latest Météo-France vigilance updates before travelling. During intense rain or thunderstorms, the weather service advises taking shelter in a substantial building, keeping away from trees and watercourses, and never entering a flooded road, even if it is only partially submerged.

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Photo by Monaco Life

In photos: “Never anything like this” – a photographer’s view of Saturday’s riots

Women with pushchairs were shopping while, barely 100 metres away, looters targeted another store. For Nice-based photographer Marc Lapolla, who has covered numerous demonstrations in the city, Saturday 17th October brought scenes unlike anything he had witnessed before.

“It was the first time I had found myself at an event of this gravity,” he told Monaco Life. “I have covered many demonstrations in Nice, but never anything like this.” Caught in clouds of tear gas three times, he was particularly struck by the unsettling proximity of everyday life, peaceful protest and violence along Avenue Jean Médecin.

“Women with pushchairs were doing their shopping at Monoprix on Avenue Jean Médecin while, 100 metres further up, looters were ransacking JD Sports,” he recalled. Outside the ICONIC building, he described a dense crowd singing, dancing and chanting anti-Macron slogans as, across the avenue, people looted Decathlon and immediately sold on the stolen goods. In his assessment, police numbers were insufficient to contain the crowd.

What troubled Lapolla most was seeing bystanders, ordinary demonstrators and masked rioters sharing the same space, some watching while others acted. His photographs accompany a conflicted account: support for people’s right to express concern about political decisions, alongside dismay at the destruction. “The official demonstration itself was a real success,” he said. “I am, however, appalled by the recklessness, naivety and lack of awareness of the rioters.”

Photos: Marc Lapolla

See also: 

17 October protest in Nice: violence, looting and questions over how the city lost control

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Indosuez targets €18 billion in private markets as Tiera Capital turns 25

Indosuez Wealth Management, the private banking arm of France’s Crédit Agricole and parent of Monaco’s CFM Indosuez, is aiming to grow its private markets business by almost 40% in little more than two years, setting a target of €18 billion in assets under management by 2028 as its Tiera Capital platform marks its 25th anniversary.

Tiera Capital currently manages close to €13 billion, according to the bank, which says assets have grown by an average of 15% a year over the past two decades.

From niche to core holding

When Tiera Capital launched in 2001, private markets, which cover investments in companies and assets not traded on public stock exchanges, were largely the preserve of pension funds, insurers and other institutional investors. Indosuez was among the first private banks to open the asset class to its wealthy clients, applying the same selection standards used by institutions.

The platform has since broadened from private equity into private debt, infrastructure, co-investments and secondary transactions, in which investors buy existing stakes in funds from other investors. It now works with more than 120 partner asset managers across Europe, the United States and the Asia-Pacific region, and is run by a team of 70 specialists in nine locations across Europe and Asia.

Over its 25 years, the bank says, Tiera Capital has backed more than 4,000 private companies through over 600 funds, made 110 direct investments and taken part in 120 secondary transactions.

Wider access, same exclusivity

The new target signals a push to bring private markets to a broader range of the bank’s clients, from private wealth customers to large professional investors, while keeping what Indosuez describes as the standards of exclusivity on which its reputation rests.

“This anniversary is not simply an opportunity to look back. The ambition is clear: to make Tiera Capital the leading global platform for all client segments, from private wealth clients to the largest professional investors,” said Nicolas Renauld, Global Head of Private Markets at Indosuez Wealth Management.

Private market investments carry particular risks, including the potential loss of capital and the difficulty of selling holdings quickly, and they are generally intended for long-term investors.

The Monaco connection

In the Principality, the Indosuez group operates through CFM Indosuez Wealth Management, which was founded as the Crédit Foncier de Monaco in 1922. Worldwide, Indosuez employs more than 4,300 people across 15 territories and held €233 billion in client assets at the end of 2025.

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